Verizon looking to decrease headcount by 8,000

Verizon Communications is looking to decrease its national employee and contractor count by 8,000 people, the company said today during a conference call.

The company employs 32,000 people in New York, but spokesman John Bonomo didn’t know how many people are empoyed locally. About 1,000 workers from Poughkeepsie to Plattsburgh are represented by the Communication Workers of America.

Bonomo also added that the cuts won’t come from layoffs.

When asked how a company could do job cuts without layoffs, Bonomo said that the company offers employees generous buyout packages each quarter. And the other cuts come from attrition.

Larry Rulison

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They just got approved for a significant (by %) increase in landline rates, partly to improve service and infrastructure. As usual, a bunch of BS, because that isn’t going to happen with 8000 less people.